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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of December 31, 2023

  • Quiñenco's interest: 66.5%
  • Book value of investment: Ch$4,714,830 million
  • Investment since: 2011
  • Employees: 16
  • Address

  • Av. Apoquindo 2827, suites 1401 and 1402, Las Condes, Santiago - Chile
  • Telephone: (56) 22588 6000
Compañía Sudamericana de Vapores S.A. (CSAV) develops its main business, containerized freight transport, through its interest in the German shipping company Hapag-Lloyd AG (Hapag-Lloyd).

CSAV is an open-stock company that has traded its shares since 1893. Quiñenco first invested in CSAV in 2011, and holds a 66.5% stake as of December 2023. With 30.0% of the share capital as of December 31, 2023, CSAV is one of Hapag-Lloyd’s main shareholders, maintaining significant influence and control jointly with the City of Hamburg and Kühne Maritime, under a shareholders’ agreement which allows them to control 73.6% of the company’s ownership.

Hapag-Lloyd operates a global network of 110 liner services with connections between all continents and over 400 offices in 140 countries.

In May 2017, Hapag-Lloyd materialized a merger with United Arab Shipping Company (UASC), thus becoming one of the five main container ship companies worldwide. Due to the merger, CSAV’s stake in Hapag-Lloyd decreased to 22.6%, increasing to 27.8% at year end 2019.

During the first quarter of 2020, CSAV acquired an additional stake in Hapag-Lloyd, reaching 30.0% ownership.


in thousands of US dollars as of December 31 of each year
2022 2023
Operating income (loss) (38,427) (15,298)
Non-operating income 5,352,543 950,795
Net income attributable to owners of the controller 5,563,209 258,099
Total assets 10,296,575 8,268,657
Total liabilities 2,382,078 180,106
Shareholder's equity 7,914,497 8,088,551

Assets by Business Area

US$8,269 million as of December 31, 2023